Nakamoto Q1 net loss $238.8M, hit by Bitcoin price drop; revenue $2.7M, partial quarter from new units

Nakamoto Inc.

2026-Q1 EPS reported -$0.38 revenue$1,607,000

Total operating revenue $2.7M, up from $0.6M YoY; net loss $238.8M driven by $102.5M BTC mark-to-market loss and $107.7M non-cash option reduction.
GAAP operating loss $126.2M; adjusted non-GAAP operating loss $7.8M including ~$8M transaction costs.
Completed acquisitions of BTC Inc and UTXO Management on Feb 20, 2026; partial quarter contributions from Media ($0.8M) and Asset Mgmt ($0.2M).
Held >5,000 BTC worth ~$345M at quarter-end; sold 284 BTC for working capital; Bitcoin price fell from $87,519 to $68,220.
Healthcare wind-down expected substantially complete by Q2 2026; cash $35.3M, notes payable $210M, enterprise value $327M.

item 2.02 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001493152-26-022786
form_type: 8-K
ticker: NAKA
cik: 0001946573
company_name: Nakamoto Inc.
filed_at: 2026-05-13T21:08:01+00:00
discovered_at: 2026-05-13T21:10:00.345090+00:00
generated_at: 2026-05-13T21:11:07.892013+00:00
sec_items: ["2.02", "9.01"]
event_type: earnings
sentiment: negative
materiality_score: 0.7
confidence: high
secwatch_canonical_url: https://secwatch.observer/filing/0001493152-26-022786
json_url: https://secwatch.observer/filing/0001493152-26-022786.json
markdown_url: https://secwatch.observer/filing/0001493152-26-022786.md
text_url: https://secwatch.observer/filing/0001493152-26-022786.txt
edgar_index_url: https://www.sec.gov/Archives/edgar/data/1946573/000149315226022786/0001493152-26-022786-index.htm
edgar_primary_document_url: https://www.sec.gov/Archives/edgar/data/1946573/000149315226022786/form8-k.htm
generated_by_model: deepseek-v4-flash:cloud@v2
review_status: machine_generated
human_reviewed: false
corrected: false
correction_note: null
correction_timestamp: null
superseded_by: null

JSON Markdown Plain text

Source: SEC EDGAR

accession 0001493152-26-022786

view filing index on sec.gov

view primary document

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.